Yet another month in which the Ben Bernanke risk managed S&P500 Onshore Fund outperforms 93% of all other actively managed brand name hedge funds, and is on pace for the fifth year in a row in which the 2/20 world will underperform the S&P500. And the best news: PM Ben does not charge 2 and 20. Of course, there is no free lunch, and his dues will come when the world one day realizes just what the cost of reflating the biggest asset bubble in history is, but for now the music is playing and the dancing continues. As for the best funds out there? Those focusing on Japan, if only for a little longer.
Select hedge fund performance:
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The Best and Worst of 2013:
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Full HSBC May YTD summary: